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Stock Market Ends Week On A Harsh Note As Donald Trump Tariffs, Weak Consumer Data Send Shares Tumbling
stock market indices as investors continued to register concern about Donald Trump's tariffs and weak consumer sentiment.
The University of Michigan’s consumer sentiment index hit its lowest level since 2022, with most respondents citing the darkening picture around the broader economy as their main concern. In part due to inflation, the Fed opted last week to maintain current interest rates, though it expects two rounds of cuts later this year. He has been hyping up next Wednesday’s anticipated date when retaliatory tariffs will be introduced by the U.S., billing it as “Liberation Day” and promising citizens “freedom” from being “cheated” by other countries.
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